Investors Council meeting discusses reforms for Georgia’s European integration

A meeting of the Investors Council, chaired by Georgian Prime Minister Irakli Garibashvili, on Wednesday discussed ongoing reforms for Georgia’s European integration and the body’s involvement, the Government Administration said.

The body said the meeting highlighted the positive recommendation of the European Commission on granting the country the European Union membership candidate status, with Garibashvili calling it a “historic decision” that gave Georgia “new opportunities”. 

• European Commission recommends granting Georgia EU membership candidate status

The Council discussed amendments to be introduced to the Law on Entrepreneurs, which involve postponement of business re-registration, promoting export of Georgian products to the EU and availability of new financial instruments.

Participants also reviewed investment environment in the country, progress achieved by the Government in ensuring economic growth and large-scale economic projects being worked on by the Government's economic team.

Giorgi Cherkezishvili, the Secretary of the Investors' Council, provided information about the implementation of the decisions taken at the previous session, as well as about the dynamics of the Council's activities.

Clare Allbless, the Deputy Head of Mission at the British Embassy in Tbilisi, and Alkis Vryenios Drakinos, the Regional Director for the Caucasus at the European Bank for Reconstruction and Development, also joined the meeting.